4,046,759 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI acquired a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,046,759 shares of the company's stock, valued at approximately $100,845,000. Carnival Co. & comprises 0.8% of Zurich Insurance Group Ltd FI's investment portfolio, making the stock its 28th largest holding. Zurich Insurance Group Ltd FI owned 0.35% of Carnival Co. & at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP boosted its stake in Carnival Co. & by 58.1% during the fourth quarter. Two Sigma Advisers LP now owns 7,056,246 shares of the company's stock worth $175,842,000 after buying an additional 2,593,046 shares during the period. Tabor Asset Management LP boosted its stake in Carnival Co. & by 63.3% during the fourth quarter. Tabor Asset Management LP now owns 450,548 shares of the company's stock worth $11,228,000 after buying an additional 174,623 shares during the period. Tidal Investments LLC boosted its stake in shares of Carnival Co. & by 65.8% in the fourth quarter. Tidal Investments LLC now owns 121,273 shares of the company's stock valued at $3,022,000 after purchasing an additional 48,126 shares during the period. True Wealth Design LLC boosted its stake in shares of Carnival Co. & by 283.4% in the fourth quarter. True Wealth Design LLC now owns 3,217 shares of the company's stock valued at $80,000 after purchasing an additional 2,378 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Carnival Co. & by 4.8% in the fourth quarter. Toronto Dominion Bank now owns 584,639 shares of the company's stock valued at $14,569,000 after purchasing an additional 26,828 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. HSBC raised shares of Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a research note on Friday. Northcoast Research assumed coverage on shares of Carnival Co. & in a research note on Friday, April 25th. They issued a "neutral" rating for the company. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Down 0.0%

CCL stock opened at $23.38 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company's 50 day moving average is $19.53 and its two-hundred day moving average is $23.05. The stock has a market cap of $27.28 billion, a P/E ratio of 16.82, a PEG ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter last year, the company earned ($0.14) earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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